Over the forecast period, butter will register further volume growth, as it is considered a staple in the Latvian diet. On the other hand, volume sales will decline for both margarine and spreads and cooking fats.
During the forecast period, butter and spreads will encounter the challenge of maturity. Players will need to attempt to boost value sales by launching offerings with clearly defined functional and fortified offerings.
Discounters such as Lidl with their private label offerings will continue to gain value share over the forecast period, as consumers appreciate the high quality and lower price combination. In addition, the number of discounter stores will continue to grow and in light of their convenient locations and long opening hours, all these factors will contribute to growth over the forecast period.
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Understand the latest market trends and future growth opportunities for the Butter and Spreads industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Butter and Spreads
This is the aggregation of butter, cooking fats and margarine and spreads.
See All of Our DefinitionsThis report originates from Passport, our Butter and Spreads research and analysis database.
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